How to Make a Cryptocurrency Trading Plan
How to Make a Cryptocurrency Trading Plan If you’re considering venturing into the world of cryptocurrency trading, having a well-structured plan is paramount. Similarly to trading traditional Forex products, navigating cryptocurrencies requires a strategic and disciplined approach. Therefore, in this article, we’ll guide you through the essential steps of crafting a robust cryptocurrency trading plan. Understanding the Cryptocurrency Market Before you dive into trading, it’s crucial to comprehend the dynamics of the cryptocurrency market. Unlike […]
Dollar Plunges to Upper 138 Yen Zone Amidst Speculation Over BOJ Policy Adjustment
Dollar Plunges to Upper 138 Yen Zone Amidst Speculation Over BOJ Policy Adjustment The U.S. dollar saw a dramatic fall to the upper 138 yen level in Tokyo’s early trading hours on Friday. This substantial shift was driven by widespread speculation that the Bank of Japan (BOJ) may be considering adjustments to its ultra-easy monetary policy during its meeting later that day. The yield on the benchmark 10-year Japanese government bond soared to 0.505 percent, […]
Surprise Move: Bank of Japan Makes a Small Adjustment to Yield Curve Control
Surprise Move: Bank of Japan Makes a Small Adjustment to Yield Curve Control The financial markets saw increased volatility due to several influential events, including the Federal Reserve’s decision and strong US economic data. The ECB, as anticipated, hiked its policy rates by 25 basis points to 3.75% while expressing concerns over high inflation. The bank emphasized that it would maintain restrictive interest rates as long as necessary, but future rate hikes would depend on […]
EUR/JPY Rebounds from Intraday Low, Remains Steady Around 153.00 Level
EUR/JPY Rebounds from Intraday Low, Remains Steady Around 153.00 Level The EUR/JPY cross experienced a rollercoaster ride in the financial markets, starting with a brief bullish spike that pushed it towards the 155.00 region. However, this upward momentum was short-lived as the pair swiftly plummeted to its lowest level since mid-June. The culprit behind this sudden downturn was a somewhat hawkish message delivered by the Bank of Japan (BoJ) on a Friday, which caught many […]